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5.9🫓
Bitcoin is currently fluctuating around 80,400, just the main force is distributing (selling) at high levels
On the 1-hour timeframe, Fibonacci resistance and the upper band of the Bollinger Bands show that the price has already topped after ranging
The funding rate is also negative—there’s no new capital coming in. What is this? Supporting the price but not lifting it up—at this stage, the main force is distributing
🚨 Trading suggestion
Go long in the 80,400～80,600 range
Target 79,600 / 78,500
In the simplest words, explain the trend as clearly as possible
Puyi, a trader who reads patterns to analyze trends
$BTC $ETH #Gate广场五月交易分享
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